Additional resources

24.02.2015 - ​Technical view

The price
of EUR/USD continues to move within the corridor 1,1280-1,1450. At the moment,
there is the probability of reaching and breaking through the level of 1.1280.
In this case, is expected the fall to 1.1150 and 1.1100. The growth in the near
future is limited by the levels 1.1450 and 1.1500. We recommend holding short
positions and maintain a medium-term negative outlook.

The price
of GBP/USD rebounded from the support at 1.5350 and reached a local maximum at
1.5450. Further growth is limited by the psychologically important level at
1.5500 and the upper boundary of the channel. In case of decrease and breaking
through the lower boundary of the rising channel, the signal for the opening
short position will be fixing the price below 1.5350. We expect continued
growth in prices in the near future and recommend holding long positions.

The price
of USD/JPY failed to reach a strong support level at 118.50 and resumed growth.
In the near future quotations may continue the upward trend and reach the
levels of resistance at 120.00 and 120.50. In case of a fall, a signal to sell
with the potential of drop to 117.00 and 116.00 will be fixing the price below
118.50. We maintain our positive outlook for the medium-term and recommend
holding long positions.

The price
of AUD/USD after some consolidation under the strong level 0.7840, started to
decline within the corridor 0,7740-0,7840. According to our forecasts in the
near future the price will reach the level of 0.7740, a breaking of which will
be the basis for reducing the price to 0.7660. Signal on changing the from
negative to positive will be fixing the price above 0.8000, but this scenario
in the near future is unlikely. We recommend holding short positions and
maintain a medium-term negative outlook for the Australian dollar.

The price
of NZD/USD failed to gain a foothold above the psychologically important level
of 0.7500 and after breaking through the inclined support line and the level of
0.7500, started to decline sharply. The nearest support level is 0.7440, a
breaking of which will lead to a further reduction with the potential of drop
to 0.7340 and 0.7200. Growth is limited by a local maximum at 0.7570. We
forecast a drop in prices in the near future.

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RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange (‘Forex’), Contracts for Difference (‘CFDs’), Indices, Options, or other financial derivatives, on ‘margin’ carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any of these markets you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full ‘Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’

LEGAL: ‘fxfinpro.com’ is a domain owned and operated by ‘PFX Financial Professionals Limited’, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840, having its principal place of business at 82 Nikou and Despina Pattichi Avenue, Maritania Court, Office 101, Kato Polemedia, 3070 Limassol, Cyprus. ‘PFX Financial Professionals Limited’ is regulated as a Cyprus Investment Firm (‘CIF’) by the Cyprus Securities and Exchange Commission (‘CySEC’) under license number 193/13. ‘PFX Financial Professionals Limited’ operates in accordance with the Markets in Financial Instruments Directive (‘MiFID’) of the European UnionRESTRICTED REGIONS: PFX Financial Professionals Limited does not provide services to citizens of the USA, Canada, Japan, Belgium, North Korea, or Iran

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.